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12 April 2021, 09:00

Some 1.070m square meters of housing built in Belarus in Q1

An archive photo
An archive photo

MINSK, 12 April (BelTA) – Some 1.070 million square meters of housing was built in Belarus in Q1 2021, Deputy Prime Minister Anatoly Sivak told the Belarus 1 TV channel, BelTA informs.

“If we talk about housing delivery in the first quarter, we see an increase compared to last year. Some 1.070 million square meters of housing was delivered, up 12% year-on-year. Some 270,000 m2 of new homes were commissioned for people on the housing list, up 11.2%. The progress in providing these people with housing is assessed by five-year periods. In the last five-year period, the queue for such housing decreased by about 12%, today there are about 630,000 people on this list,” the deputy prime minister said.

Anatoly Sivak informed that according to preliminary results, the construction and installation works in Q1 slightly lagged behind the same period of last year. “The main reason as we see it is the restart of a new investment cycle. Although the change is small, it is wide-reaching; the corresponding state programs and the state investment program have been signed. We are working to catch up with construction and installation works,” he added.

“As to subsidized loans for housing construction, the plans outlined by the government for this year are still realistic. If we assess the commissioning of housing for people on the housing list, the figure stands at 25%; only 19% of the loans earmarked for this purpose have been spent this year. In other words, so far our plans are real, true to life. We might adjust our plans upwards during the year, it all depends on the economic situation and the capabilities of the banking system. As for non-subsidized loans, the situation here hinges on general macroeconomic indicators,” the deputy premier said.

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